Thursday, 22 December 2016

2017 Budget will not pull Nigeria out of recession - Expert (Video)

A university don, Prof. Park Idisi, says that the 2017 budget may not
bail Nigeria out of its economic recession without adequate measures
being put in place.
Idisi, who is a senior lecturer at the University of Abuja
Agriculture Department, made this known in an interview with the News
Agency (NAN) in Abuja on Thursday.

In
an interview with the News Agency (NAN) in Abuja on Thursday, December
22, Idisi urged the federal government re-organise the system and cut
down emoluments of public office holders, lawmakers and political aides
in Nigeria.

His words: “The National
Assembly members still collect their allowances as if there is no
recession; there is no way Nigeria can come out of recession if this
continues.”

He advised the government to:

1. Set up industries that would produce
heavy equipment, such as cars, caterpillars among others in order to
reduce the countries over dependence on foreign goods

2.
Give adequate financial support to the small-scale industries so as to
boost the economy and create more jobs for the youth and

3.
Demonstrate sufficient commitment to research and development the same
way it is fighting corruption to move the nation forward.

“The
Nigerian government must be serious about the growth and development of
small-scale industries and it must be genuinely handled, monitored and
managed,” he added